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Didn't get a fill on that play, missed it by a tick. Took the next day off from posting because couldn't find anything good. Had a snow day today so was trading ES on my IB account all day (great trending day! made 8 points, haha) For 1/16 I'm taking PSCP @ 2.12, the volume is spread a little...

I use stockfetcher.com and a few simple filters to give me 5-20 charts to look at every night. Then I pick out the ones that I feel I can grab 2% of range out of easiest.

It's a script made to follow phantom's rules :) It uses 1 min bars for trading and 5 min for resolution. It basically just goes in the direction of 5 min trend, simple entry, and then uses phantom's rules to trade.

I guess I was a little wrong about lots of good picks for wednesday, nothing good at all it looks like. Taking a play that I am not too confident in (but of course, who cares what I think, the market sure doesn't) because it looks like it came to life from a prelim earnings report, a little bit...

Filled a few seconds after open and got out a few minutes before close, talk about smooth. Btw, UDW would've been good for 2 also. Another pick tonight, I should have pleany to pick from with today's general down move 1/13/04 Current Equity: $2,773.45 Starting Equity: $2,500.00 (1/1/04)...

It's tough to respect someone that comes in being a loud mouth, claiming a top, and selling calls. Then he precedes to brag about a record that's yet unproven. I stick with my clock analogy.

Relax buddy, even a broken clock will give you the right time twice a day :)

yep, slowly more have come to scoff at the top callers, now what are all the sheep doing?

Writing options has a defined risk/reward profile, it is simple, a finite reward (the price of the written option) and an infinite risk (if it goes against you and you don't offset, you can lose whole account + more); you can't disagree, it's a fact :) Plus, I highly doubt your trading record...

Didn't find anything good for today but found 2 nice ones for tomorrow, UDW and PHMD. I'm leaning towards PHMD, it looks like 2% would be pretty easy to capture in its recent ranges, so PHMD it is. BUY 1327 shares of PHMD, PhotoMedex Inc at LIMIT of 2.04 DAY

Wow, that's gotta be the worst way to play a top, am I wrong?

heh, it's a bubble on top of a bubble! what no one expected

What about the U.S. economy? The debt is approaching something like 30 trillion right now, with deficit for 2003 around 1 trillion. 1 trillion you say? Yes, it's not 400-500 billion, or whatever number you've heard. We've actually borrowed about 500 billion to fuel this economy from social...

Sorry for not updating, I actually didn't have time to get on a computer to put in my SITI buy so didn't trade that day. Today I took ARTX from 1.8 to 1.84, another pick for monday will be posted this weekend. 1/9/04 Current Equity: $2,707.24 Starting Equity: $2,500.00 (1/1/04) Current...

Because it's true, why not accept it and forget about the argument all together? I'd be fine with that :D

If one could improve their predictive ability over 50/50 (which way market will go in the next x time) in the long term, it would cause a change in the market characteristics as more people discover the method and the opportunity gets traded away. The key is long term, you can get a slight edge...

Saying "it's all in you" has nothing to do about when to buy and 'feeling their way through waves'. "it's all in you" means the ability to trade, meaning you can enter anywhere in any direction and be able to trade, either take a small loss or take a large profit, that's what trading is all...

You are profitable due to well thought out money and position management. If not, then you are simply taking advantage of a temporary market characteristic that will soon be gone, impossible to predict when

the 'trend' can reverse at any moment, indicator signal or not

For those who say that they are successful trading solely on price action and even with indicators, you must understand that that's not what is making you succeed! You succeed because you have trained yourself for a long period of time, you have modified your behavior, you have learned to move...